International Fiscal Policy Coordination and Economic Growth

Does coordination of immigration policies among destination countries increase immigration?

“…If the employment rate of immigrants is lower than the employment rate of natives, e I < e, the higher immigration under coordination implies that 7 Note that the existence of interior solutions can be ensured by appropriate choices of γ 0 and γ 1 .…”

“…Immigration increases host country production, and causes wages and prices to decrease in this country, which in turn, gives rise to cheaper imports for other countries. This terms of trade externality is a standard feature in analyses of fiscal policy coordination; see, e.g., Chari and Kehoe (1990), Devereux (1991), Devereux and Mansoorian (1992), Dixon and Santoni (1997),…”

Economic Growth and (Re-)Distributive Policies in a Non-cooperative World

“…(See, for instance, Sinn (1990) or Bovenberg (1994).) This problem is modelled here as a two-stage game in the vein of Devereux and Mansoorian (1992). The capitalists in either economy have the same initial capital stocks, and the economies are technologically similar, unless stated otherwise.…”

Between Tax Competition and Harmonisation: A Survey on Tax Coordination

“…Back to the open economy question, Devereux and Mansoorian (1992) 14 extend the Barro model to an small open economy framework. They consider two countries with identical preferences and populated by representative agents.…”

“…Again we have two identical countries but now populated with two groups, workers and capitalists and a government that only provides a public good. They assume imperfect capital mobility and no trade, both of which is in contrast to Devereux and Mansoorian (1992). Workers do not have to pay taxes, capitalists pay a source-based tax on capital income.…”